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Economy

The latest analysis and updates on global economy. China, US, UK, Europe, and the rest of the world.

Debt ceiling poses significant downside risk
Economy, United States. 5 October, 2012, 11:38 Debt ceiling poses significant downside risk
The debt ceiling will be hit by January of next year, and will pose significant risk to the market.
Macau casino revenue rose by 12.3% yoy in September
China, Economy. 4 October, 2012, 23:53 Macau casino revenue rose by 12.3% yoy in September
Macau casino revenue increased by 12.3% yoy in September.
European Central Bank keeps rates unchanged
Economy, Europe. 4 October, 2012, 19:45 European Central Bank keeps rates unchanged
ECB keeps rates unchanged
Bank of England MPC maintains bank rate at 0.5% and QE unchanged
Economy, United States. 4 October, 2012, 19:00 Bank of England MPC maintains bank rate at 0.5% and QE unchanged
Bank of England puts policy on hold.
Mitt Romney wants to “stop borrowing from China”
Economy, United States. 4 October, 2012, 17:32 Mitt Romney wants to “stop borrowing from China”
China “lends” to the US not because China is very nice, of course.
The Iranian hyperinflation
Economy, World. 4 October, 2012, 16:07 The Iranian hyperinflation
Iranian rial’s free fall is feeding into domestic prices.
The very "golden" golden week tourism data
China, Economy. 4 October, 2012, 14:00 The very "golden" golden week tourism data
Don’t read too much into the seemingly very golden data point of golden week tourism.
The reason why Harry Potter universe is completely hidden
Economy, World. 3 October, 2012, 11:10 The reason why Harry Potter universe is completely hidden
What is the connection between inflation and prosecution of witches?
Chinese economy is a car "stuck in the snow", says Dong Tao of Credit Suisse
China, Economy. 2 October, 2012, 13:56 Chinese economy is a car "stuck in the snow", says Dong Tao of Credit Suisse
China is in a liquidity trap, says Dong Tao, and Beijing’s leadership is like the driver of a car stuck in the snow.
Rebalancing, sort of
Economy, World. 2 October, 2012, 13:12 Rebalancing, sort of
While trade surplus of China shrinks, trade deficits of the US shrinks as well.
Fed’s policy is not going to push unemployment down to projected level
Economy, United States. 2 October, 2012, 10:32 Fed’s policy is not going to push unemployment down to projected level
Fed’s expansionary policy will not push unemployment down to desired level.
ISM manufacturing PMI points to expansion in September
Economy, United States. 1 October, 2012, 22:14 ISM manufacturing PMI points to expansion in September
US ISM manufacturing PMI beats estimate in September.
Euro area unemployment rate at 11.4% in August
Economy, Europe. 1 October, 2012, 17:14 Euro area unemployment rate at 11.4% in August
Euro area unemployment rate remains at record high.
Euro area manufacturing PMIs point to slower contraction in September
Economy, Europe. 1 October, 2012, 16:18 Euro area manufacturing PMIs point to slower contraction in September
Eurozone manufacturing continues to contract, but the pace of contraction is moderating.
China’s broken growth model
China, Economy. 1 October, 2012, 15:58 China’s broken growth model
Growth models is broken, and all hope seems to be on the government.
Emerging market bubble is deflating
Economy, World. 1 October, 2012, 12:32 Emerging market bubble is deflating
Emerging market growth is probably unsustainable, and the bubble is deflating.
China’s PMIs: Official vs. HSBC/Markit
China, Economy. 1 October, 2012, 12:04 China’s PMIs: Official vs. HSBC/Markit
Two charts showing the differences between official PMI and HSBC/Markit PMI.
China official leading indicator rose in August
China, Economy. 1 October, 2012, 9:41 China official leading indicator rose in August
NBS’ own leading index improved slightly for August.
China official manufacturing PMI points to continued contraction in September
China, Economy. 1 October, 2012, 9:24 China official manufacturing PMI points to continued contraction in September
China’s official PMI remains in contraction territory.
Addiction to central banks’ stimulus gets out of control
Economy, World. 30 September, 2012, 15:42 Addiction to central banks’ stimulus gets out of control
As if money printing solves every problem of the humanity.